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TOWN OF LEXINGTON <br />TRUSTEES OF PUBLIC TRUSTS <br />Minutes of Meeting <br />May 7, 2003 <br />A meeting of the Trustees was held at 8 PM at 64 Marrett Road, Lexington, <br />MA. Present were Alan Fields, David Willianns, Thomas Taylor, and Karen Jackman. <br />The minutes of the January 2003 meeting were approved. <br />A request was received from LEF for a distribution of $25,000 from their fund. Since that <br />would leave less than $5000 in the fund, less than the minimum amount, Dave will explain <br />the policy to them and suggest a smaller distribution. <br />A motion was made and passed that certain amounts be transferred from various funds to <br />the PTA Scholarship Fund for distribution hi accordance with the memo attached to these <br />minutes. <br />A motion was made and passed that $2305.50 be distributed from the Jack Eddison <br />Blossom Fund to the DPW for the purchase of flags and' $600 from the Tower Park Fund <br />for the repair of the wall at the Park. <br />A motion was made and passed that $1500 be paid from the George Gilmore Fund to the <br />Lexington Center Committee for publication of a Lexington Shopping Guide. <br />It was voted to pay Karen $2000 as of June 1. <br />Next meeting is July 16 at 12 noon at the State Street Bank in Boston. <br />Tom Taylor, Secretary <br />